Reading Time: < 1 minute Chicago | Reuters — U.S. hog futures rose 2.1 per cent on Tuesday on hopes for increased demand from China as the world’s top pork consumer announced plans to begin issuing tariff-free import licenses. China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so […] Read more
Markets/Business — page 2
U.S. livestock: Hogs rally with hopes for exports to China
Cattle market similarly hopeful
Pulse weekly outlook: Green pea bids back off highs
Reading Time: < 1 minute MarketsFarm — Green pea prices in Western Canada have come off their highs in recent weeks, as end users back away from the market. Top-end green pea bids have lost about a dollar per bushel over the past month, according to Prairie Ag Hotwire data. “A lot of the end users are full now,” said […] Read more
Klassen: Calf prices divorce from yearling markets
Reading Time: 2 minutes Compared to last week, yearling prices were steady to as much as $4 lower depending on the region in Western Canada. Alberta packers were buying fed cattle at an average price of $252 on a dressed basis, down $6-$8 from last week and down about $20 from the last week of January. Weakness in fed […] Read more
U.S. grains: Corn, soy, wheat end lower ahead of long weekend
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more
U.S. livestock: Cattle bounce after this week’s four-month lows
Plentiful hog supplies drag on futures
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Friday on bargain buying after the benchmark April contract fell to a 4-1/2-month low this week, with traders citing expectations for a seasonal pickup in beef demand, traders said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled up 1.8 cents at […] Read more
Strong demand supports sunflowers
Reading Time: < 1 minute MarketsFarm — Global demand for sunflower oil is steadily increasing, according to Scoular’s Robert Deraas. Deraas, director of the Scoular Co.’s sunflower and bird food division, explained Wednesday at CropConnect in Winnipeg that the majority of Canadian sunflowers are grown for oil purposes. Increases in demand are driven largely by health-conscious consumers who use sunflower […] Read more
Canola supplies in commercial pipeline hit fresh high
Reading Time: < 1 minute MarketsFarm — Visible canola supplies in the commercial pipeline hit their highest level in more than three years in the latest Canadian Grain Commission data, with the slow pace of export movement likely to keep those stocks at burdensome levels. Total visible Canadian canola supplies as of Sunday were pegged at 1.6 million tonnes. That’s […] Read more
Prairie cash wheat: Bids mostly weaker on U.S. price declines
Reading Time: 2 minutes MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more
India offers U.S. dairy, chicken access in bid for elusive trade deal
Reading Time: 3 minutes New Delhi/Washington | Reuters — India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during U.S. President Donald Trump’s first official visit to the country this month, people familiar with the protracted talks say. India, the world’s largest milk-producing nation, has traditionally restricted dairy […] Read more
Feed weekly outlook: Bids pressured by lower demand
Reading Time: < 1 minute MarketsFarm — Feed grain prices have remained soft, as feedlots in Western Canada are covered for the foreseeable future. Last week, prices for feed barley and feed wheat delivered in Lethbridge were around $230 per tonne, but have come down by about $10 since then, according to Allan Pirness of Market Place Commodities. While these […] Read more
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